Business
LifeVantage Announces Update to Evolve Compensation Plan with New Sharing Bonus
Enhancements simplify the path to success for independent Consultants SALT LAKE CITY, Oct. 01, 2024 (GLOBE NEWSWIRE) -- LifeVantage Corporation (Nasdaq:
About this update from Lifevantage Corporation
[{"type":"text","content":"Enhancements simplify the path to success for independent Consultants\nSALT LAKE CITY, Oct. 01, 2024 (GLOBE NEWSWIRE) -- LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today announced an enhancement to its Evolve Compensation Plan, offering greater simplicity and earning potential for independent LifeVantage Consultants. Plan enhancements are set to go live November 1, 2024, in the U.S., Japan, Australia, New Zealand, Canada, Mexico, and European markets. “When we modernized our compensation plan and launched Evolve in March 2023, it came with the commitment to continuously simplify and enhance the way Consultants earn money at LifeVantage,” said Steve Fife, President and CEO. “The latest enhancements deliver on that promise while further cementing LifeVantage as a leader in Consultant compensation. Sharing LifeVantage and our unique approach to health and wellness is simple, exciting, and now, even more rewarding, especially as you are just getting started.” At the core of the enhancements is a new bonus that pays Consultants a 10% commission for sharing LifeVantage products. Named the Sharing Bonus, this commission is earned when a new Consultant and that Consultant’s Customers purchase product the same month the new Consultant enrolls. Also reimagined were accelerators put in place for new Consultants to see early income success. Consultants in the first four months of their business are eligible to receive double the Sharing Bonus, or up to 20%, instead of the standard 10%. New Consultants also earn a bonus when they reach Senior Consultant 1, a key milestone rank. “There has never been a better time to be a LifeVantage Consultant,” said Fife. “Our upcoming launch of an innovative weight management system that naturally activates GLP-1 combined with the enhancements to our Evolve Compensation Plan create compelling growth opportunities for entrepreneurs.” For more information about LifeVantage, its innovative, activating products, and how the Evolve Compensation Plan can help you grow your business and reach your goals, visit the LifeVantage website: https://www.lifevantage.com/us-en. About LifeVantage Corporation LifeVantage Corporation (Nasdaq: LFVN), the activation company, is a pioneer in nutrigenomics, the s...